- Alice Queen (AQX) receives results from a recent diamond drilling program at the Southern Silicified Ridge (SSR) prospect within its Horn Island gold project in QLD
- The three-hole program focused on the Jedha-1 target which is part of a broader geophysical anomaly with surface gold and pathfinder anomalism
- One of the holes returned a broad 19-metre interval which includes a high-grade intercept of one metre at 3.5 g/t gold and one metre at three per cent copper
- Following this drilling, the gold system at the SSR prospect extends to a 200-metre depth over one kilometre and remains open at depth and along strike
- AQX shares are up 11.1 per cent to trade at 0.5 cents at 11:29 am AEST
Alice Queen (AQX) has received results from its recently completed diamond core drilling program at the Jedha-1 target.
The Jedha-1 target can be found at the Southern Silicified Ridge (SSR) prospect which is part of the Horn Island gold project in Queensland.
The diamond drilling program included three holes for 1100 metres to test Jedha-1 which lies within a broader 189-hectare geophysical anomaly that has surface gold and pathfinder anomalism.
Hole 22NGD108 returned a high-grade intercept within a broad zone with results coming in at 19 metres at 0.3 grams per tonne (g/t) gold from 171 metres including one metre at 3.5 g/t gold from 181 metres and one metre at three per cent copper from 173 metres.
Additional results include one metre at 2.4 g/t gold from 73m in 22NGD106, and three metres at 1.2 g/t gold from 59 metres including one metre at three g/t gold from 60 metres in 22NGD107.
Based on the results, the gold system at the SSR prospect has been extended to a 200-metre depth over a one-kilometre strike and remains open at depth and along strike.
Alice Queen said further target areas remain untested from the geophysical anomaly and coincident surface gold expression over five kilometres of strike.
“We remain firm in our view that Horn Island will host multiple deposits and will ultimately represent two to three million ounces of gold,” Managing Director Andrew Buxton said.
“Excitingly also, high grade copper has appeared at depth and is adjacent to an elevated copper zone at surface, east of where this current drill program has occurred.”
The company will undertake a technical review once it receives all multi-element results. Along with geophysical modelling, this will help to optimise targeting for other drilling programs to advance what it considers a new emerging gold zone at Horn Island.
AQX shares were up 11.1 per cent to trade at 0.5 cents at 11:29 am AEST.